Hallmarking Gold: Building Trust and Transparency in Jewelry Industry

The government plans to expand voluntary hallmarking, already applied to silver jewellery, to bullion for assurance of authenticity in raw materials. Aimed at fostering transparency, accountability and consumer trust, they will regulate lab-grown diamonds and maintain industry integrity within India's diverse jewellery sector.

The government is set to extend voluntary hallmarking from silver jewellery to bullion, aiming to guarantee authenticity for jewellery manufacturers. Efforts are underway to distinguish between natural and lab-grown diamonds for consumer clarity.

Consumer Affairs Secretary Nidhi Khare announced at the CII Gems and Jewellery Conference that, following the positive reception of gold and silver hallmarking, the government aims to uphold product credibility. Silver hallmarking remains voluntary as the industry adjusts, with potential mandates dependent on consumer reaction.

Khare highlighted technological advances in lab-grown diamonds and stressed the need for transparent frameworks. As one of the largest producers and consumers of polished diamonds, India's initiative strives to maintain integrity and accountability in jewellery production nationwide.

(With inputs from agencies.)